Which one costs more?
Hi, Trying to figure out what costs more: an older 2br condo unit in a brownstone or a brand new 2br codo unit? Looking specifically up in Harlem (in the W. 120s.) Still learning and a little bit confused about the benefits of each. Thanks!
Hi,
Trying to figure out what costs more: an older 2br condo unit in a brownstone or a brand new 2br codo unit?
Looking specifically up in Harlem (in the W. 120s.)
Still learning and a little bit confused about the benefits of each.
Thanks!
Brownstones should be cheaper but with the false valuation created by the housing bubble and greedy and dumb real estate agents it is very very difficult to give a monitery value to real estate.
Brooklynista,
I agree generalizations are largely unfair, and there are many exceptions. I’m sure there are also lots of wealthy people living in Harlem and who cares about weathly people anyways?
Unfortunately, Harlem doesn’t have the fun street vibe (a plethora of new stores, restaurants, and bars) that Brooklyn does. It’s a great alternative to Uptown Manhattan since you get so much more space for the money, but it’s simply not as exciting a place to live.
What a ridiculous post, IB. Why even bother responding if the only thing you have to offer is the typical Brownstoner.com bad habit of neighborhood bashing? Nobody cares that you think Brooklyn is preferable to Harlem. The OP was not asking your opinion about that. Nor was s/he asking anything about where people with money want to live. IMO, there are many parts of Harlem I consider to be “better” than many parts of Brooklyn. Does that matter to the OP? I hope not! And, as far as folks with money goes, there are lots of wealthy folk living in Harlem. In all probability there are a great deal of folk living in Harlem who have way more money than you. Talk about keeping it real. It would help to “keep it real” right here on Brownstoner. Enough with the silly stereotypes already.
I’m not focused on Brooklyn, though it’s much preferable, though more expensive than Harlem.
And you’ll find far more townhouse condos in Brooklyn than you will in Harlem.
Very very few folks with money want to live in Harlem. Even famous Rappers and black music industry folks seem to prefer Lower Manhattan, though I’m sure a couple of them “keep it real” in Harlem.
Most new condos have tax abatements (whcih will expire) so the monthly nut is lower … for a while.
Thanks all…sorry, completely missed the ‘brooklyn inside and out’ tag! Some great general brownstone advice though 🙂
brownstones should always be cheaper
Wow, Serpentor, talk about taking the words right off my keyboard! 🙂
You do realize you are asking these questions of a group of people who are primarily focused on the Brooklyn real estate market, right? Not saying you won’t get advice here, but I would caution you to consider the source! Having lived in Harlem for many years, with family and friends still renting/owning property there, I can tell you that the market is all over the place, varying significantly from block to block, much less from nabe to nabe. (Of course, like everywhere, prices are down). Even saying that you are looking in the area of the W. 120’s can mean different things say in the stretch from St. Nick and Manhattan Avenues over to Lenox and 5th Avenues at the edge of Mt. Morris Park. Best bet is to check in with some brokers/ agents who work in Harlem.
Good luck!